Brief: Medicalgorithmics Says Received Tax Refund To Speed Up Execution Of Strategic Investments

Medicalgorithmics SA

09/01/2023 06:59

Jan 9 (Reuters) - Medicalgorithmics SA  MDG.WA :
    * SAID ON SUNDAY THAT THE COMPANY'S UNIT MEDI-LYNX CARDIAC
MONITORING (MEDI-LYNX) HAS RECEIVED IRS TAX REIMBURSEMENT 
    * MEDI-LYNX WILL TRANSFER $3.0 MILLION TO MEDICALGORITHMICS
US
HOLDING CORPORATION UNTIL JAN 13
    * THE TAX REFUND INCREASES CASH RESERVES TO ALMOST 39
MILLION
ZLOTYS
    * THE INCREASED FUNDS TO ALLOW ACCELERATING OF STRATEGIC
INITIATIONS EXECUTION UNDER BIOFUND PRESENTATION OF INVESTMENT
IN MEDICALGORITHMICS
    * THE INCREASED FUNDS ALSO TO ACCELERATE LONG-TERM SALE
GROWTH IN
US AND GLOBAL MARKETS

        
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